The invention discloses a high-efficiency decompression and augmented injection agent used for oil extraction. The high-efficiency decompression and augmented injection agent is characterized by comprising the following components in parts by weight: 1.0-2.0 parts of epoxy chloropropane, 1.0-2.5 parts of dimethylamine, 1.0-4.0 parts of trimethylamine, 0.01-0.1 part of ammonium persulphate, 0.015-0.15 part of sodium hydrogen sulphite, 0.01-0.2 part of ethanediamine and 0.02-0.06 part of triethylene tetramine. The invention also discloses a production method of the high-efficiency decompression and augmented injection agent. The production method is characterized by comprising the following steps of: adding epoxy chloropropane into a porcelain enamel reaction kettle; slowly feeding a mixed solution of dimethylamine and trimethylamine, prepared at room temperature in proportion; after feeding is completed, adding the ammonium persulphate, then adding the sodium hydrogen sulphite, and maintaining temperature in the kettle to be not higher than 5 DEG C; after feeding is completed, heating until the temperature in the kettle is increased to 60-90 DEG C, and reacting for 7-9 hours, so that an intermediate product is obtained; cooling the intermediate product to 40 DEG C, and slowly adding a mixed solution of ethanediamine and triethylene tetramine; and reacting again at the temperature of 40 DEG C, so that the high-efficiency decompression and augmented injection agent finished product is obtained.